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5253 State Line AVE Hammond, IN 46320
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Key Details
Sold Price $100,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 1,225 sqft
Price per Sqft $81
Subdivision C Hohmans Add
MLS Listing ID 497732
Sold Date 11/17/22
Bedrooms 2
Full Baths 1
Three Quarter Bath 1
Year Built 1948
Lot Size 7,501 Sqft
Acres 0.1722
Lot Dimensions 50 x 150
Property Sub-Type Apartment
Property Description
ATTENTION INVESTORS!! Close proximity to the Illinois/Indiana Border, the Hammond Academy of Science & Technology, Franciscan Health Centers, dining, and shopping. The future expansion of the South Shore Line's West Lake Corridor Line coming through the area makes this an amazing opportunity to generate income! Hammond's rejuvenation makes this a desirable investment.Main Level is split into (2)-1BR, 1BA units in the front and back (525 ft2 each) (Possible Income of $750/mo each). Full, partially finished basement (1050 ft2), perfect for additional rental space for tenant storage and coin-op laundry facilities. Nice back yard with a LARGE 2.5-3 car garage in back can be rented out to tenants for storage as well.All units currently rented to family members at discounted rates, so rent rolls will not be helpful in determining profitability/CAP Rates.
Location
State IN
County Lake
Interior
Interior Features Elevator
Fireplace N
Exterior
Exterior Feature Storage
Garage Spaces 2.5
View Y/N true
View true
Schools
School District Hammond
Others
Tax ID 450236301003000023
SqFt Source Assessor
Acceptable Financing NRA20240111134423065362000000
Listing Terms NRA20240111134423065362000000
Financing Cash
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Bought with Integrity Realty Partners
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